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Why you should pay house tax on time

New Delhi, March 14 -- Not paying property tax can have consequences for you. Recently, Brihanmumbai Municipal Corporation (BMC) announced that they will start seizing valuables belonging to property tax defaulters. "First, we are targeting commercial properties, then we will move to residential and individual properties. We will seize valuables, including furniture, from defaulters if they fail to pay their dues," the Indian Express quoted Sangita Hasnale, assistant municipal commissioner of BMC's assessment and collection department, as saying on 20 February.

Property tax, also known as municipal or house tax, is assessed, imposed and collected from property owners by the relevant municipal authority. The tax collected is used for mainte...

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